Advanced Transport and Spatial Systems Models: Applications to Korea

The usual view in a mixed economy is that some goods and services are produced privately and some, such as transportation, are produced publicly. Private institutions, such as households and entrepreneurs, produce and con­ sume goods and services in pursuing their parochial interests, while the pub­ lic sector attempts to broaden public interests. More precisely, the public sector constructs new transportation systems, improves their capaci ties, and regulates services and prices; and the p...